Latest news with #CalebBrown
The Australian
04-07-2025
- Business
- The Australian
Brisbane-based Swyftx will buy Melbourne-based Caleb & Brown
Australian cryptocurrency exchange Swyftx has sealed a mega deal to acquire a US-focused crypto brokerage targeting millionaires in Donald Trump's self-declared 'crypto capital of the planet'. The acquisition is believed to be worth between $100m and $200m. Brisbane-based Swyftx will buy Melbourne-based Caleb & Brown, which has built a business focused on rich US private investors who are increasingly piling into crypto assets after President Trump declared he wanted to make the country the world's crypto capital. Such investors have at least $1m in liquid assets. The acquisition, the largest crypto deal ever in Australasia, comes three months after Swyftx signed a deal to buy Easy Crypto, New Zealand's largest cryptocurrency exchange. Swyftx has successfully emerged from challenges in recent years, chiefly a failed merger in 2022 with rival Superhero to create a wealth management platform administering $1.5bn in cryptocurrency, direct equities and superannuation assets. The same year it sacked 90 staff, equivalent to more than one-third of its employees, amid the brutal downturn in trading volumes following the collapse of US-based crypto exchange FTX. Swyftx chief executive Jason Titman said the deal was 'laser-focused on supporting high rolling crypto investors in the US'. The US accounts for about a quarter of all global trade volumes in cryptocurrency. 'We're entering a golden age for digital assets,' said Mr Titman, who declined to value the deal except to say it was in the 'tens of millions'. 'There are a lot of the new breed of wealthy investors who want a service that is ultra client-centric, with around-the-clock access to broker expertise.' Mr Titman said the election of Mr Trump has sparked surging interest in crypto. 'There has been a 180-degree shift in the US since the Trump administration came in last November in terms of crypto,' he said. Trump's pick of Paul Atkins to head the Securities and Exchange Commission (SEC) is expected to end a crypto crackdown introduced under President Biden. 'High net worth individuals are always sensitive to the regulatory environment and they don't want to be investing money in an asset class that has got some level of government risk,' he said. 'A lot of that political risk was taken out when the Trump administration was elected.' Caleb & Brown, which has more than $2bn of digital assets under custody, was founded by Rupert Hackett and Dr Prash Puspanathan in 2016. It is led by partner Jackson Zeng and employs 64 team members across Australia and the US. Mr Titman said a typical US client had generally made their fortune in traditional industries, such as property or medicine, but wanted exposure to crypto. 'They are understanding that Bitcoin that's gone up 1200 per cent over the last five years and is the fastest growing and a highest asset growth of all time and it is something that they want to participate in,' he said. 'Previously they might have invested in an office building, in equities, maybe some bonds, maybe some Forex currency trading. They have millions of dollars of free investable cash and that's the customer base that we now have access to.' Swyftx, founded in a Brisbane bedroom in 2017 by young entrepreneurs Angus Goldman and Alex Harper, will employ just under 300 team members on completion of the deal. It is now one of the region's largest digital asset brokerages with more than 1.2 million customers. Mr Titman's career, which has spanned accountancy, hotel development and e-commerce, said Swyftx was moving beyond its start-up roots into the corporate big league or what he termed from 'hoodies to suits'. Mr Titman said he expected to see a collection of cryptocurrencies, known as stable coins, eventually replacing traditional cash for investment and trading. He said Swyftx was looking at several other acquisitions. 'There is a larger plan coming together here for Swyftx. Part of it's organic, part of it's partnerships and part of it's mergers and acquisitions,' he said. 'This is our second transaction after Easy Crypto and it is about getting a different customer base. It also fast tracks our move into the US, which I've been interested in doing for some time.' Read related topics: Donald Trump Glen Norris Senior Business Reporter Glen Norris has worked in London, Hong Kong and Tokyo with stints on The Asian Wall Street Journal, Bloomberg and South China Morning Post. Economics The message from business to Anthony Albanese's challenge is not to overcomplicate the process, but there has to be a real appetite for change. Business Business leaders have demanded Anthony Albanese delivers a broad reform package at August's roundtable. 'Of course the PM should be worried … Why would we want to be the 15th or the 16th or the 17th of anything?' asked Paul Schroder.
Time of India
14-06-2025
- Science
- Time of India
76-million-year-old mystery: Crocodile-like predator left its mark on this fossil
A fossil unearthed in the badlands of Alberta, Canada, has offered a rare glimpse into the interactions between ancient reptiles that lived over 76 million years ago. Researchers studying the remains of a young flying reptile have found what appears to be clear evidence of a crocodile-like predator bite, making it an unusual and scientifically valuable discovery from the Late Cretaceous period. Bone with a bite: Pterosaur fossil found with tooth mark The fossil, a small neck bone of a juvenile pterosaur, was discovered in July 2023 during a field course led by Dr Brian Pickles from the University of Reading. After a detailed analysis, scientists identified a puncture wound on the bone, which they believe was caused by the tooth of a crocodilian species from the same era. The research was conducted jointly by scientists from the University of Reading, the Royal Tyrrell Museum of Palaeontology (Canada), and the University of New England (Australia). According to the team, micro-CT scans confirmed the mark was not the result of post-burial damage or fossilisation but a bite that likely occurred during the animal's lifetime or shortly after its death. Fragile fossil, uncommon evidence Pterosaur bones, due to their lightweight and hollow structure, rarely preserve well. This makes any fossilised sign of damage or interaction with other animals a rare find. As quoted by the BBC, according to Dr Caleb Brown from the Royal Tyrrell Museum of Palaeontology, 'Pterosaur bones are very delicate, so finding fossils where another animal has clearly taken a bite is exceptionally uncommon.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 motivi per rottamare ora la caldaia per una pompa di calore Aira Scopri di più Undo Dr Brown, who is the lead author of the research paper, further said, 'This specimen being a juvenile makes it even rarer.' The juvenile is believed to have belonged to the Azhdarchid group of pterosaurs. Researchers estimate this individual had a wingspan of about 2 metres. In contrast, adults of the same group were significantly larger, reaching wingspans of up to 10 metres. Insight into Cretaceous ecosystems Dr Brian Pickles, under whose supervision the discovery was made, highlighted the importance of such findings. 'Bite traces help to document species interactions from this period,' he said, as quoted by the BBC. He also explained that while it remains uncertain whether the young pterosaur was alive at the time of the bite, the fossil does indicate interaction between crocodilians and pterosaurs. 'We can't say if the pterosaur was alive or dead when it was bitten, but the specimen shows that crocodilians occasionally preyed on, or scavenged, juvenile pterosaurs in prehistoric Alberta over 70 million years ago,' Dr Pickles said, as quoted by the BBC. First of its kind in the North American fossil record This discovery is being noted as the first confirmed instance in North America of a crocodile-like predator feeding on a pterosaur. The scientific community regards it as a rare and significant addition to existing knowledge of Mesozoic-era life. The fossil provides a rare and direct record of how prehistoric creatures interacted within their ecosystems, especially involving species that rarely leave behind such detailed evidence. The study was published in the Journal of Palaeontology and adds a meaningful layer to our understanding of predator-prey dynamics in the Late Cretaceous period. Image credit: Created by Canva AI. For representational purposes only.
Time of India
14-06-2025
- Science
- Time of India
76-million-year-old fossil shows rare crocodile-like bite on flying reptile
A fossil unearthed in the badlands of Alberta, Canada, has offered a rare glimpse into the interactions between ancient reptiles that lived over 76 million years ago. Researchers studying the remains of a young flying reptile have found what appears to be clear evidence of a crocodile-like predator bite, making it an unusual and scientifically valuable discovery from the Late Cretaceous period. Bone with a bite: Pterosaur fossil found with tooth mark The fossil, a small neck bone of a juvenile pterosaur, was discovered in July 2023 during a field course led by Dr Brian Pickles from the University of Reading. After a detailed analysis, scientists identified a puncture wound on the bone, which they believe was caused by the tooth of a crocodilian species from the same era. The research was conducted jointly by scientists from the University of Reading, the Royal Tyrrell Museum of Palaeontology (Canada), and the University of New England (Australia). According to the team, micro-CT scans confirmed the mark was not the result of post-burial damage or fossilisation but a bite that likely occurred during the animal's lifetime or shortly after its death. Fragile fossil, uncommon evidence Pterosaur bones, due to their lightweight and hollow structure, rarely preserve well. This makes any fossilised sign of damage or interaction with other animals a rare find. As quoted by the BBC, according to Dr Caleb Brown from the Royal Tyrrell Museum of Palaeontology, 'Pterosaur bones are very delicate, so finding fossils where another animal has clearly taken a bite is exceptionally uncommon.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo Dr Brown, who is the lead author of the research paper, further said, 'This specimen being a juvenile makes it even rarer.' The juvenile is believed to have belonged to the Azhdarchid group of pterosaurs. Researchers estimate this individual had a wingspan of about 2 metres. In contrast, adults of the same group were significantly larger, reaching wingspans of up to 10 metres. Insight into Cretaceous ecosystems Dr Brian Pickles, under whose supervision the discovery was made, highlighted the importance of such findings. 'Bite traces help to document species interactions from this period,' he said, as quoted by the BBC. He also explained that while it remains uncertain whether the young pterosaur was alive at the time of the bite, the fossil does indicate interaction between crocodilians and pterosaurs. 'We can't say if the pterosaur was alive or dead when it was bitten, but the specimen shows that crocodilians occasionally preyed on, or scavenged, juvenile pterosaurs in prehistoric Alberta over 70 million years ago,' Dr Pickles said, as quoted by the BBC. First of its kind in the North American fossil record This discovery is being noted as the first confirmed instance in North America of a crocodile-like predator feeding on a pterosaur. The scientific community regards it as a rare and significant addition to existing knowledge of Mesozoic-era life. The fossil provides a rare and direct record of how prehistoric creatures interacted within their ecosystems, especially involving species that rarely leave behind such detailed evidence. The study was published in the Journal of Palaeontology and adds a meaningful layer to our understanding of predator-prey dynamics in the Late Cretaceous period. Image credit: Created by Canva AI. For representational purposes only.
Yahoo
08-02-2025
- General
- Yahoo
Three MISD students named National Merit Finalists
Feb. 7—MIDLAND — Three Midland ISD seniors have been named National Merit Finalists for the Class of 2025. This is the first time since 2020 that MISD has had a National Merit Finalist and the first time since 2015 that the district has had multiple finalists in the same year. The finalists are Legacy High School senior Trey Rolston, Midland High School senior Caleb Brown, and Young Women's Leadership Academy senior Sanjana Vadlapatla. Each of these students has demonstrated exceptional academic achievement, dedication, and leadership. "This recognition is a testament to the hard work, discipline, and commitment of our students, their families, and their schools," said Dr. Amanda Melchor, Executive Director of Secondary Teaching and Learning. "We are incredibly proud of Trey, Caleb, and Sanjana for this well-earned honor." Earning the title of National Merit Finalist places these students among the top academic performers in the country. This distinction signals to colleges and universities that they are among the nation's brightest students, potentially increasing their chances of gaining admission to competitive institutions and receiving financial aid opportunities. Each finalist advanced through a rigorous application process, which included their PSAT or National Merit Scholarship Qualifying Test results, academic record, community service, leadership roles, employment history, and awards received. The National Merit Scholarship Program recognizes less than one percent of U.S. high school seniors, making this a significant accomplishment. National Merit Scholarship winners will be announced in March. For more information on the National Merit Scholarship Program, visit
